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Richards Electric Motor Co Salary

Richards Electric Motor Co Salary

How much does the Richards Electric Motor Co Pay for employees?

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As of October 2026, the average monthly salary for employees at Richards Electric Motor Co in the United States is $7,122. This translates to an approximate annual wage of $85,460. Salaries at Richards Electric Motor Co typically range from $6,262 to $8,057 monthly, reflecting the diverse roles and experience levels within the company. Richards Electric Motor Co’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Richards Electric Motor Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Richards Electric Motor Co. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Richards Electric Motor Co

Ready for your next career move? Explore current job openings at Richards Electric Motor Co. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Richards Electric Motor Co’s Pay Competitive? Salary Benchmarking Analysis

How does Richards Electric Motor Co’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Richards Electric Motor Co
Retail & Wholesale
Fresh South Products Inc
Clear Diamond Group
Industry Comparison
Our data shows that, on average, compensation at Richards Electric Motor Co is below the average for the U.S. Retail & Wholesale industry by approximately 31%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Richards Electric Motor Co average annual salary with several similar companies. Richards Electric Motor Co average salary of $85,460 is lower than Fresh South Products Inc, which has an average salary of $90,871. It is lower than Clear Diamond Group, with their average salary at $103,381. This places Richards Electric Motor Co in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Richards Electric Motor Co's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Richards Electric Motor Co. Click a company name to learn more.

Employee Reviews: Working at Richards Electric Motor Co

Considering a career at Richards Electric Motor Co? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Not the most exciting, but reliable. I’ve been given opportunities to lead projects, which has boosted my confidence and skills. Compensation is fair, and there are opportunities for advancement. I’ve had a rewarding experience here.
Commented in May 08, 2025
34
3
Overall, it’s a nice place to build a career in retail. The work-life balance is respected, and flexible scheduling options are available. The benefits are above average, and there’s a strong emphasis on teamwork. It has a standard retail hours. Overall, it’s a fantastic place to grow your career while feeling valued. The workload is manageable, and the team is always willing to help. The team is ...
Commented in February 22, 2025
13
1
Career development opportunities are abundant, and managers are mentors. The team works well together, and the management is open and accessible. Feels like a progressive workplace. The team is professional, and collaboration is encouraged. The retail space is well-stocked, and management provides necessary resources.
Commented in January 09, 2025
13
1
I’ve been with this company for over two years, and it’s been a rewarding journey. Well-structured training programs. Work is consistent.
Commented in July 01, 2024
14
2
The job provides a predictable routine with fair expectations. The job provides a good work-life balance. The work culture is inclusive, and teamwork is emphasized. The workplace is well-organized, and expectations are clear.
Commented in January 30, 2024
16
0

Richards Electric Motor Co Overview

Website
www.richardselectricmotor.com
Founded In
1954
Employees
25 - 50 employees
Industry
Retail & Wholesale
Headquarter Address
2028 Quintron Way Quincy Illinois IL 62305
Revenue
$5 Million - $10 Million
Phone Number
+1 2172227154
Social Media
About Richards Electric Motor Co
Richards Electric Motor Company was founded by Carl Richards in 1954 at the site of the old Quincy Armature Works at 517 South 5th St, in Quincy, IL. What started as an electric motor repair business has greatly expanded and now offers a wide range of products and services in the electrical industry. Today, for our Industrial, Commercial, Municipal, and Agricultural customers, our services include

What Benefits Does Richards Electric Motor Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Richards Electric Motor Co offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Champaign?

Understanding the cost of living near Champaign is key to truly evaluating a salary offer or your current compensation at Richards Electric Motor Co.
Champaign's Cost of Living Index is approximately 89.8 (10.2% less expensive than US average; 4.3% less than IL average). Central IL (Univ. of Illinois), housing affordable. MTD bus. When planning your budget based on a salary from Richards Electric Motor Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,250+ A significant portion of Richards Electric Motor Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (MTD monthly pass, free for UofI) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,080 - $3,340+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Richards Electric Motor Co

1. What is the typical salary range (low to high) for most roles at Richards Electric Motor Co?

The typical annual salary range for most roles at Richards Electric Motor Co is approximately from $75,141 to $96,685. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Richards Electric Motor Co pay compared to Fresh South Products Inc?

The average annual salary at Richards Electric Motor Co is $85,460, or an hourly wage of $41, in comparison to Fresh South Products Inc which pays $90,871 per year or $44 per hour.

3. Do salaries differ significantly between departments at Richards Electric Motor Co?

Yes, salaries often differ between departments at Richards Electric Motor Co due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Richards Electric Motor Co?

Experience level is a significant factor in determining salary at Richards Electric Motor Co, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Richards Electric Motor Co in Champaign is fair given the local cost of living?

To determine if a salary offer from Richards Electric Motor Co in Champaign is fair, first compare the gross salary to our data for similar roles at Richards Electric Motor Co and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Champaign" to understand its purchasing power.

6. Why might an individual's actual salary at Richards Electric Motor Co differ from the ranges shown here?

An individual's actual salary at Richards Electric Motor Co can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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